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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Mar 23, 2017

Page

10

Pear Deck Raises 4 Million to Grow Education Tech Team

Pear Deck, an Iowa City EdTech firm launched in 2014, raised 4 million from Growth Street Partners, Hyde Park Venture Partners, Village Capital, and AOL co founder Steve Case. The funding will help hire 5 to 10 more software developers, expand marketing, and accelerate product features for teachers in K-12. The round marks Growth Street’s first deal and brings total funding to about 5.2 million, with existing investors and state support centering on educators and school districts across 40 states.

Pear Deck Iowa City Anthony Showalter Growth Street Partners San Francisco Hyde Park Venture Partners Chicago Village Capital Washington, D.C AOL Steve Case Iowa Showalter North Iowa Venture Capital Fund Riley Eynon-Lynch Growth Street Nathan Grossman Iowa Economic Development Authority Case South By Southwest Austin Texas Kansas City Haiku Learning

Sears Holdings faces substantial doubt over going concern

Sears Holdings, parent of Kmart and Sears, warns in its annual report that substantial doubt exists about its ability to continue as a going concern. The company lists $4.2 billion in debt, plans a $1 billion cost cut, and considers debt financing and asset sales, while revenue fell 12 percent to $22.1 billion.

Sears Kmart Sears Holdings Kmart Holdings Sears, Roebuck and Co Craftsman Stanley Black and Decker Edward S. Lampert Lampert ESL Investments Forbes Magazine

Starbucks adds Mercato lunch menu in Chicago rollout

Starbucks unveiled a Mercato lunch menu with healthier sandwiches and salads set to debut April 11 in about 100 Chicago stores. The plan aims to boost lunch sales as Starbucks seeks to double food sales to about 5 billion by 2021, with Chicago used as a testing ground for initiatives. Chairman Howard Schultz announced he will relinquish the CEO role on April 3 to Kevin Johnson, addressing concerns over mobile order hiccups.

Chicago Starbucks U.S Seattle Howard Schultz Kevin Johnson Schultz

Marriott tests Alexa and Siri in Aloft hotel rooms

Marriott International is testing Amazon Alexa and Apple Siri in Aloft hotel rooms in Boston Seaport to gauge guest control of lights drapes temperature and TV. Wynn Resorts started Alexa in Wynn Las Vegas suites in December as hotels showcase voice tech. Marriott could pick a winner by mid year to expand across its chains, boosting exposure for the voice platform.

Amazon.com Apple Alexa Siri Marriott International Boston Seaport Wynn Resorts Ltd Wynn Las Vegas Amazon Marriott Toni Stoeckl Aloft Element Moxy United States

Also Mentioned on This Page

TECH Matthew Patane the Gazette Matthew.patane Thegazette Reuters Marriott Hotel
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